TRITON INT.LTD A DL-,01

Triton International's preferred shares remain outstanding and well covered despite the acquisition by Brookfield Infrastructure, with a strong dividend coverage ratio of approximately 900%. Triton's operating expenses are under control, and the company reported a net profit of $150.7M in Q3, with only 10% needed for preferred dividends. The balance sheet shows $2.1B in common equity junior to preferred shares, ensuring a buffer for preferred shareholders against potential losses.» Mehr auf seekingalpha.com

HAMILTON, Bermuda--(BUSINESS WIRE)--November 18, 2024 – Triton International Limited ("Triton") today announced the following management transition as part of Triton's long-term succession planning strategy. After more than 30 years of distinguished service, John O'Callaghan, Executive Vice President, Global Head of Field Marketing and Operations, has decided to retire from his current role, effective December 31, 2024. He will remain with Triton in the role of Executive Vice President, Directo.» Mehr auf businesswire.com

Triton International's Q1 results show a decrease in leasing revenue and operating income compared to the previous year. The company paid a $200M dividend to its common shareholder, Brookfield Infrastructure, reducing the overall safety of the preferred shares. The preferred dividends are well covered by earnings, but the asset coverage ratio is worsening, indicating potential risks for preferred shareholders.» Mehr auf seekingalpha.com